Cassa Depositi e Prestiti

What Cassa Depositi e Prestiti does

Cassa Depositi e Prestiti (CDP) is Italy's National Promotion Institution, a state-controlled joint-stock company (S.p.A.) founded in 1850 that operates as a national development finance institution. It channels approximately €300 billion in postal savings from around 27 million Italian households (via Postal Passbooks since 1875 and Postal Savings Bonds since 1924) into long-term financing for Public Administrations, enterprises, and infrastructure projects. The group is 82.77% owned by the Italian Ministry of Economy and Finance and 17.23% by banking foundations, and is led by President Giovanni Gorno Tempini (since October 2019) and CEO Dario Scannapieco (since May 2021). Operating through subsidiaries CDP Equity, CDP Real Asset SGR, CDP RETI, SIMEST, and Fintecna, CDP executes five strategic pillars: Business (loans, advisory, public fund management), Advisory (including PNRR programme technical assistance), Equity (venture capital, private equity, Patrimonio Rilancio funds, FNSI), Real Asset (housing, urban regeneration, tourism, sustainable infrastructure), and Internazionale (development cooperation via JEFIC and ELTIa).

Its core products span subsidised enterprise loans (innovation, internationalisation, medium/long-term, export finance, alternative finance), infrastructure finance (project finance, structured finance, bond subscriptions, securitisation, CEF Blending, InvestEU), equity instruments (Venture Capital, Private Equity, Patrimonio Rilancio National Strategic Fund, National Enterprise Restructuring Fund, FNSI fund-of-funds), and Public Administration lending. On the technology side, CDP co-owns Italy's National Strategic Pole (PSN) sovereign cloud with TIM, Leonardo, and Sogei (€3.6B contracts extended to 2035, target 75% of Italian public administrations on sovereign cloud by 2026), issued Italy's first DLT-settled digital bond using the Bank of Italy's TIPS Hash Link central-bank-money solution (July 2024, €25M), and co-issued Italy's first fully tokenized minibond on Polygon PoS via the BlockInvest platform (December 2025, €5M).

The business model combines net interest income from postal savings intermediation, recurring capital-markets activity (€750M bond issuances in February and May 2026, the latter attracting €3.6B in orders), loan and project finance interest income, fund management fees for state-backed vehicles (Patrimonio Rilancio, Italian Climate Fund, GGBI Fund), and equity investment returns from participations in strategic Italian corporates (Nexi 19.14%, Open Fiber, Italgas, Snam, Autostrade per l'Italia, Fincantieri, ENI, TIM, Poste Italiane). CDP does not publish institutional price lists; institutional pricing is quote-based and bilaterally negotiated with PA, enterprises, and financial institutions, while retail savings yields are publicly disclosed via an online yield calculator. The 2025-2027 Strategic Plan targets €80 billion in committed resources to mobilise €167 billion in supported investments (2.1x leverage), with 2025 record net income of €3.4 billion and shareholders' equity of €32 billion (+6%) confirming the financial scale of the operation.

Name

Cassa Depositi e Prestiti

Legal name

Cassa Depositi e Prestiti S.p.A.

Website

https://www.cdp.it

Company type

Private

Founded year

1850

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Cassa Depositi e Prestiti is Italy's state-controlled National Promotion Institution, channeling approximately €300 billion in postal savings from 27 million Italians into financing for public administrations, enterprises, infrastructure, and strategic equity investments.

Ownership category

akta.pro rank

Product category

Development Finance

NAICS

Depository Credit Intermediation (5221), Portfolio Management and Investment Advice (523940), Open-End Investment Funds (525910), Finance and Insurance (52)

SIC

Savings Institution, Federally Chartered (6035), Security Brokers, Dealers & Flotation Companies (6211), Asset-Backed Securities (6189), Finance Services (6199)

akta.pro primary industry

Public Asset & Investment Management (BPAIAEAG)

Keywords

• Development finance
• Postal savings
• Infrastructure financing
• Public administration lending
• Venture capital investing

Headquarters

HQ city

Rome

HQ country

Italy

HQ region

Europe

Offices16 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Postal Savings Funding & Spreads: Net interest income generated from postal savings (Libretti Postali and Buoni Fruttiferi Postali) collected from approximately 27 million Italian savers representing roughly €300 billion in savings, on-lent to Public Administrations, enterprises, and infrastructure.
2. Bond Issuance & Capital Markets Activity: Recurring issuance of bonds in capital markets, including green/social/sustainability bonds and tokenized digital bonds (e.g., €750M bond in May 2026 with €3.6B in orders; eighth Social Bond for €750M in Feb 2026).
3. Loan & Project Finance Interest Income: Interest and fees from subsidised and medium/long-term loans to enterprises, infrastructure projects, and Public Administrations; project finance, structured finance, bond subscriptions, and securitisation (Strategic Plan 2025-2027 targets €80B committed resources mobilising €167B in investments).
4. Fund Management & Advisory Fees: Management of public funds (Patrimonio Rilancio - National Strategic Fund, National Enterprise Restructuring Fund, Italian Climate Fund, Fondo Nazionale Strategico Indiretto, GGBI Fund) and advisory fees for technical/financial consulting to PA on PNRR and EU funds.
5. Equity Investment Returns: Dividends, capital gains, and equity participations via CDP Equity, CDP Real Asset SGR, and CDP Venture Capital in strategic Italian corporates (Nexi, Open Fiber, Italgas, Snam, Autostrade per l'Italia, Fincantieri, ENI, TIM, Poste Italiane, etc.).

Pricing tiers

Go-to-market motion4 records

Distribution channels1 record

Marketing channels8 records

Core offering

Cassa Depositi e Prestiti (CDP) is Italy's National Promotion Institution, a state-controlled joint-stock company that collects postal savings from approximately 27 million Italians (around €300 billion) and channels them into subsidised loans, equity investments, infrastructure project finance, and advisory services for Italian enterprises, public administrations, and infrastructure operators. It also manages public funds (including PNRR/NRRP programmes) and operates five strategic pillars: Business, Advisory, Equity, Real Asset, and Internazionale.

Product overview

Cassa Depositi e Prestiti (CDP) is Italy's National Promotion Institution (Istituto Nazionale di Promozione), a public-controlled joint-stock company founded in 1850 that operates as a development finance institution and is not a traditional technology vendor. Its offering is a unified financing-and-services platform that combines five strategic pillars: Business (loans, advisory and public fund management), Advisory (to Public Administration including PNRR programs), Equity (venture capital, private equity, Patrimonio Rilancio funds, and the FNSI fund-of-funds), Real Asset (housing, urban regeneration, tourism, sustainable infrastructure), and Internazionale (international cooperation via JEFIC and ELTIa). The portfolio integrates retail savings products (Postal Savings Passbooks and Postal Savings Bonds) with enterprise loans (Subsidised Loans for Innovation/Growth/Internationalisation, Medium-Long Term Finance, Export Finance, Alternative Finance, Bank Liquidity and Guarantees), equity instruments (Venture Capital, Private Equity, Patrimonio Rilancio National Strategic Fund, Patrimonio Rilancio National Enterprise Restructuring Fund), infrastructure finance (Project Finance, Structured Finance, Bond Subscription, Securitization, CEF Blending, InvestEU Direct Loans), public administration funding (Loans to Local Authorities, Regions, Non-Territorial Public Agencies, European Funds and NRRP management), non-financial solutions (Made in Italy Accelerator for Fashion, Franco-Italian Accelerator, Business Matching, CDP SIMEST ELITE Lounge), and a cultural heritage offering (Museo CDP "Percorsi d'arte e d'industria"). On the technology side, CDP participates in Italy's sovereign cloud (National Strategic Pole / PSN, operated jointly with TIM, Leonardo and Sogei with multi-cloud integration via AWS), has pioneered digital bond issuance using distributed ledger technology and Bank of Italy TIPS Hash Link settlement, and co-issued Italy's first fully tokenized minibond on the Polygon PoS blockchain via the BlockInvest platform. The group is led by President Giovanni Gorno Tempini and CEO Dario Scannapieco and operates through subsidiaries including CDP Equity, CDP Real Asset SGR, CDP RETI, SIMEST, and Fintecna.

Differentiator

Problem solved

Functional benefit

Brands

• Patrimonio Rilancio - Fondo Nazionale Strategico: National Strategic Fund under Patrimonio Rilancio program for Italian enterprises.
• Patrimonio Rilancio - Fondo Nazionale Ristrutturazioni Imprese
• Acceleratore Made in Italy per la filiera Moda
• Acceleratore Franco-Italiano
• Lounge CDP SIMEST ELITE

Products and services

• Postal Savings Passbooks (Libretti Postali) Italian postal savings passbooks collected from savers through post offices and guaranteed by the State; originated in 1875 and managed by CDP. Funds are directed toward modernizing the economy and financing infrastructure.
• Postal Savings Bonds (Buoni Fruttiferi Postali) State-guaranteed postal bonds issued since 1924, particularly suited to small investors with high yields and convertibility to cash. Funds raised support the national economy.
• Subsidised Loans for Innovation and Growth Favourable-term loans for Italian enterprises to support innovation, digitalization and growth investments, accessed through the banking channel.
• Subsidised Loans for Internationalisation Favourable-term loans to support Italian enterprises expanding into international markets, often via agreements with banking partners and SIMEST.
• Medium-Long Term Finance Standard medium- and long-term lending to enterprises channelled through partner banks to support investment programs.
• Export Finance Financing solutions tailored for Italian exporters to support cross-border trade and international expansion.
• Alternative Finance Non-traditional financing instruments for enterprises, including minibonds and other capital-market based solutions.
• Bank and Financial Intermediary Liquidity and Guarantees Liquidity facilities and guarantees provided to banks and financial intermediaries, often on-lent to enterprises.
• Venture Capital Venture capital fund-of-funds investments managed by CDP Venture Capital, supporting Italian and European innovation ecosystems.
• Private Equity Private equity investments via fund-of-funds and direct investments into Italian SMEs and mid-caps through the Patrimonio Rilancio framework.
• Patrimonio Rilancio - National Strategic Fund Italian state-backed fund supporting strategic enterprises with equity capital, managed by CDP as part of the Patrimonio Rilancio program.
• Patrimonio Rilancio - National Enterprise Restructuring Fund Italian state-backed fund supporting restructuring of mid- and large-cap enterprises, complementing the National Strategic Fund.
• Acceleratore Made in Italy per la filiera Moda Industry accelerator program dedicated to the Italian fashion supply chain, providing non-financial support services to enterprises.
• Acceleratore Franco-Italiano Bilateral accelerator program jointly supporting French and Italian enterprises with growth and internationalisation services.
• Business Matching CDP's B2B matchmaking platform connecting Italian enterprises with international partners; extended to UAE companies via the Abu Dhabi Chamber MoU (October 2025).
• Lounge CDP SIMEST ELITE Premium programme by CDP and SIMEST providing specialised services to top-tier enterprises for international growth.
• Loans to Local Authorities Loans to Italian municipalities, provinces, and metropolitan cities for public investment, infrastructure and services.
• Loans to Regions Loans to Italian regional governments for infrastructure and public investment programs.
• Loans to Non-Territorial Public Agencies Financing to non-territorial public entities for institutional and operational investments.
• European Funds and NRRP Management Management and advisory services for European funds and the Italian National Recovery and Resilience Plan (PNRR), including the €599 million PNRR Student Housing Fund.
• Project Finance Project finance solutions for large-scale infrastructure projects across Italy, supporting public and private sponsors.
• Structured Finance Structured finance solutions for infrastructure projects, including tailored debt structures and risk-sharing mechanisms.
• Bond Subscription Direct subscription of corporate and infrastructure bonds to support enterprise and infrastructure financing.
• Securitization Securitization transactions to support financial markets and enterprise credit access.
• Connecting Europe Facility (CEF) Blending Blended financing under the EU Connecting Europe Facility supporting trans-European infrastructure projects.
• Direct Infrastructure Loan with InvestEU Guarantee Direct infrastructure loans backed by the InvestEU guarantee, targeting pan-European investment projects.
• National Strategic Pole (PSN) - Sovereign Cloud Italy's state cloud project co-owned by TIM, Leonardo, CDP, and Sogei, operating four data centres across Lombardy and Lazio. Expanded multi-cloud offering via AWS agreement; contracts worth €3.6 billion extended until 2035; goal of at least 75% of Italian public administrations on sovereign cloud by 2026, consolidating over 11,000 local data centres.
• Tokenized Minibond on Public Blockchain Italy's first fully tokenized minibond issued on a public blockchain (Polygon PoS) using the BlockInvest platform, co-issued by UniCredit and CDP, backed by a 50% SACE guarantee, modernizing Italian capital markets for SME financing.
• Digital Bond on Blockchain (DLT Settlement) Italy's first digital bond issued on blockchain within an ECB trial, using distributed ledger technology and central bank money settlement through the Bank of Italy's TIPS Hash Link solution.
• Fondo Nazionale Strategico Indiretto (FNSI) Public-private fund-of-funds structure managed by CDP under Italy's Ministry of Economy and Finance. Initial phase targets €700 million, ultimately €1-1.5 billion, investing in Italian SMEs and revitalizing Italy's domestic IPO market.
• Azimut Agrifood Mezzogiorno Sca Sicav Raif Direct lending fund targeting agrifood SMEs, Mid-Caps, and Large-Caps in Southern Italy via bonds, minibonds, and direct loans; first closing €70M, total target €100M, with 51% allocated to the Mezzogiorno region. CDP and Mediocredito Centrale are anchor investors.
• Global Green Bond Initiative (GGBI) Fund EU €3 billion green bond blended finance fund, with close to €1 billion in equity from multilateral development banks and DFIs (including CDP) and target of up to €2 billion from private investors; managed by Amundi, investing exclusively in primary green bond issuances in low and middle-income countries.

Quantifiable outcome

• €80B resources committed and €167B investments supported over 2025-2027 with a 2.1x leverage effect
• +5 more outcomes

Named customers15 records

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature5 records

Partnerships

One partnership is on record.

• European Investment Bank (EIB) GroupflagshipStrategic or Co-development Partner · 4 March 2026Renewed Memorandum of Understanding signed in Luxembourg at the EIB Forum to strengthen strategic investment cooperation in Italy and internationally. The agreement expands joint action across sustainable infrastructure, innovation, digitalisation, climate action, SME support, and regional cohesion, aligning with CDP's Strategic Plan 2025-2027 and the EIB Group Strategic Roadmap 2024-2027. It extends cooperation through EIB Global to emerging markets.

Scale indicators9 records

Recent moves6 records

Expansion highlights6 records

Market position

Competitive moat6 records

Key highlights7 records

Customer concentration

• Xx.com/GruppoCDP
• YouTubeyoutube.com/channel/UChVRDM88-O5TTHGmiRPhPBw
• Facebookfacebook.com/GruppoCDP
• LinkedInlinkedin.com/company/cdp-cassa-depositi-e-prestiti
• Instagraminstagram.com/gruppo_cdp

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Subsidiaries6 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments63 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cassa Depositi e Prestiti